2001 Monthly Comments Archive -

• 1. Comments - January, 2001 - Posted 08/05/2001
  
• 2. Comments - February, 2001 - Posted 08/05/2001
  
• 3. Comments - March, 2001 - Posted 08/05/2001
  
• 4. Comments - April, 2001 - Posted 08/05/2001
  
• 5. Comments - May, 2001 - Posted 08/05/2001
  
• 6. Comments - June, 2001 - Posted 08/05/2001
  
• 7. Comments - July, 2001 - Posted 08/05/2001
  
• 8. Comments - August, 2001 - Posted 08/06/2001
  
• 9. Comments - September, 2001 - Posted 08/31/2001
  
• 10. Comments - October, 2001 - Posted 10/03/2001
  
• 11. Comments - November, 2001 - Posted 11/01/2001
  
• 12. Comments - December, 2001 - Posted 12/01/2001
  

2001 Tax Act - Topics about The Economic Growth and Tax Relief Reconciliation Act of 2001

• Education Incentives in The Economic Growth and Tax Relief Reconciliation Act of 2001 - Posted 08/07/2001
  Tax changes in the 2001 Tax Act to increase incentives for education savings.
• Gradual Elimination of Estate Tax - Posted 08/07/2001
  Explaination of the changes in the 2001 Tax Act on estate and gift taxes.
• Key Changes in The Economic Growth and Tax Relief Reconciliation Act of 2001 - Posted 08/07/2001
  Summary of the 2001 Tax Act.
• Tax Breaks For Individuals in the 2001 Tax Act - Posted 08/07/2001
  Summary of changes in the 2001 Tax Act affecting individuals immediately.
• Major Employee Retirement Plan Changes in the 2001 Tax Act - Posted 08/12/2001
  A summary of the changes in the dollar and percentage limitations for retirement plans in the 2001 Tax Act.
• Making Sense of the 10% Rate Scheme in the Economic Growth and Tax Relief Reconciliation Act of 2001 - Posted 08/28/2001
  Understanding the 10% rate bracket for individuals carver out of the 15% bracket.

2002 Monthly Comments Archive -

• 1. Comments - January, 2002 - Posted 01/05/2002
  
• 2. Comments - February, 2002 - Posted 02/03/2002
  
• 3. Comments - March, 2002 - Posted 03/04/2002
  
• 4. Comments - April, 2002 - Posted 04/03/2002
  
• 5. Comments - May, 2002 - Posted 05/04/2002
  
• 6. Comments - June, 2002 - Posted 06/04/2002
  
• 7. Comments - July, 2002 - Posted 07/02/2002
  
• 8. Comments - August, 2002 - Posted 08/05/2002
  
• 9. Comments - September, 2002 - Posted 08/31/2002
  
• 10. Comments - October, 2002 - Posted 10/03/2002
  
• 11. Comments - November, 2002 - Posted 10/31/2002
  
• 12. Comments - December, 2002 - Posted 12/03/2002
  

2002 Tax Acts -

• Retroactively Effective Depreciation Changes in the Job Creation and Worker Assistance Act of 2002 - Posted 04/03/2002
  Overview of changes in depreciation expense as a result of the tax economic stimulus package passed by Congress.
• Tax Changes in the Job Creation and Worker Assistance Act of 2002 - Posted 04/17/2002
  Changes in the tax law as a result of the Job Creation and Worker Assistance Act of 2002 signed on March 9, 2002, by the President.
• Recap of Significant Tax Developments that Occurred in the First Quarter of 2002 - Posted 05/02/2002
  A quick summary of important tax developments occuring in the first quarter of 2002.
• Which Real Estate Improvements Qulify for Bonus First-Year Depreciation Under the 2002 Act? - Posted 05/02/2002
  A description of the new category of depreciable assets called "qualified leasehold improvement property" subject to the additional 30% first-year depreciation.
• Recap of Significant Tax Developments that Occurred in the Second Quarter of 2002 - Posted 08/05/2002
  A quick summary of important tax developments occuring in the second quarter of 2002.
• Recap of Significant Tax Developments that Occurred in the Third Quarter of 2002 - Posted 10/31/2002
  A quick summary of important tax developments occuring in the third quarter of 2002.
• Recap of Significant Tax Developments That Occurred in the Fourth Quarter of 2002 - Posted 04/01/2003
  A quick summary of important tax developments occuring in the fourth quarter of 2002.

2003 Monthly Comments Archive -

• 1. Comments - January, 2003 - Posted 01/04/2003
  
• 2. Comments - February. 2003 - Posted 01/31/2003
  
• 3. Comments - March, 2003 - Posted 03/11/2003
  
• 4. Comments - April, 2003 - Posted 04/01/2003
  
• 5. Comments - May, 2003 - Posted 05/13/2003
  
• 6. Comments - June, 2003 - Posted 06/02/2003
  
• 7. Comments - July, 2003 - Posted 07/16/2003
  
• 8. Comments - August, 2003 - Posted 08/09/2003
  
• 9. Comments - September, 2003 - Posted 09/01/2003
  
• 10. Comments - October, 2003 - Posted 09/28/2003
  
• 11. Comments - November, 2003 - Posted 11/01/2003
  
• 12. Comments - December, 2003 - Posted 11/29/2003
  

2003 Tax Acts -

• Recap of Significant Developments That Occurred in the First Quarter of 2003 - Posted 05/04/2003
  A summary of important tax developments occuring in the first quarter of 2003.
• Accelerated Rate Cuts and Tax Benefits for Individuals and Families Under the Jobs and Growth Tax Re - Posted 06/16/2003
  A summary of the provisions of the 2003 Act which have an immediate benefit to induidual taxpayers.
• Investors are Affected by the Reduced Rates for Capital Gains and Dividends under the Jobs and Growt - Posted 06/16/2003
  A summary of the tax changer affecting dividends and capital gains beginning in 2003.
• Overview of Tax Changes in the Jobs and Growth Tax Relief Reconciliation Act of 2003 - Posted 06/16/2003
  A summary of the tax changes affecting individual taxpayers and businesses.
• Tax Changes for Businesses and Corporations in the Jobs and Growth Tax Relief Reconciliation Act of - Posted 06/16/2003
  A summary of the changes affecting busineses and corporations in the 2003 Act.
• Recap of Significant Tax Developments that Occurred in the Second Quarter of 2003 - Posted 09/28/2003
  Important tax developments occuring in the second quarter of 2003.
• Recap of Significant Developments that Occurred in the Third Quarter of 2003 - Posted 11/01/2003
  Important tax developments occuring in the third quarter of 2003.
• Business Provisions in the 2003 Health Savings Act - Posted 01/02/2004
  Summary of tax changes included in the 2003 Health Savings Act.
• IRS Guidance on Health Savings Accounts - Posted 01/02/2004
  Summary of Health Savings Accounts established by the Medicare Act of 2003.
• Recap of Significant Tax Developments in the Fourth Quarter of 2003 - Posted 02/01/2004
  A summary of tax actions during the fourth quarter of 2003.
• The Advantages of Health Savings Accounts - Posted 12/20/2006
  Reprint of an article by Stanley Baum on the benefits of the Codes newest healthcare benefit.

2004 Monthly Comments Archive -

• 1. Comments - January, 2004 - Posted 01/02/2004
  
• 2. Comments - February, 2004 - Posted 02/01/2004
  
• 3. Comments - March, 2004 - Posted 03/04/2004
  
• 4. Comments - April, 2004 - Posted 04/08/2004
  
• 5. Comments - May, 2004 - Posted 05/03/2004
  

2004 Tax Acts -

• Recap of Significant Tax Developments That Occured in the First Quarter of 2004 - Posted 05/13/2004
  Summary of tax developments occuring in the first quarter of 2004.
• Recap of Significant Tax Developments That Occurred in the Second Quarter of 2004 - Posted 07/13/2004
  Summary of tax developments occuring in the second quarter of 2004.
• Recap of Significant Tax Developments That Occurred in the Third Quarter of 2004 - Posted 10/26/2004
  Summary of recent tax developments
• Analysis of the Key Pension and Benefit Provisions in the Working Families Tax Relief Act of 2004 - Posted 10/30/2004
  An analysis of the 2004 Act's key pension and health benefit provisions.
• Overview of Tax Changes in the 2004 Working Families Act - Posted 11/06/2004
  A summary of the extensions of tax benefits included in the 2004 Working Families Act.
• Key Provisions in the American Jobs Creation Act of 2004 - Posted 11/30/2004
  Summary of the many tax act provisions.

2005 Tax Acts -

• Recap of Significant Developmants that Occurred in the First Quarter of 2005 - Posted 06/05/2005
  Summary of tax developments occuring in the first quarter of 2005.
• Recap of Significant Developments That Occurred in the Second Quarter of 2005 - Posted 08/09/2005
  Summary of second quarter 2005 court and IRS actions.
• Recap of Significant Developments that Occurred in the Third Quarter of 2005 - Posted 11/29/2005
  Summary of selected tax actions occurring between July 1, and September 30, 2005.
• Recap of Significant Developments That Occurred in the Fourth Quarter of 2005 - Posted 01/24/2006
  Summary of selected tax actions occurring between October 1, and December 31, 2005.

2006 Tax Acts -

• Recap of Significant Developments That Occurred in the First Quarter of 2006 - Posted 07/19/2006
  Summary of tax events which occurred in the first quarter of 2006.
• Recap of Significant Developments that Occurred in the Second Quarter of 2006 - Posted 10/28/2006
  Summary of tax events which occurred in the second quarter of 2006.
• Senate Passes Pension Bill Clearing it for President's Expected Signature - Posted 11/10/2006
  Summary of the provisions of the Pension Protection Act of 2006.
• Recap of Significant Developments that Occurred in the Third Quarter of 2006 - Posted 11/28/2006
  Summary of tax developments occuring in third quarter of 2006.
• New Rollover Options for Non-Spouse Beneficiaries of Qualified Plan Accounts - Posted 01/22/2007
  Review of the changes included in the Pension Protection Act of 2006 for qualified plan beneficiaries.
• Recap of Significant Developments That Occurred in the Fourth Quarter of 2006 - Posted 08/28/2007
  Summary of significant developments that occurred in the fourth quarter of 2006.
• Key Provisions in the Tax Relief and Health Care Act of 2006 - Posted 10/27/2007
  Summary of the key provisions in the Tax Relief and Health Care Act of 2006.

2007 Tax Acts -

• Recap of Significant Developments That Occurred in the Second Quarter of 2007 - Posted 08/18/2007
  Summary of tax developments from the second quarter 2007.
• Recpa of Significant Developments That Occured in the First Quarter of 2007 - Posted 08/18/2007
  Summary of first quarter 2007 tax developments.
• Recap of Significant Developments that Occurred in the Third Quarter 2007 - Posted 01/05/2008
  Summary of tax developments from the third quarter 2007.
• Technical Corrections Act of 2007 Includes Many Substantive Changes - Posted 01/05/2008
  Summary of Tax Technical Corrections Act of 2007.
• Temporary AMT Relief - Posted 01/05/2008
  Summary of Tax Increase prevention Act of 2007.
• Forgiven Mortgage Debt Relief in the Mortgage Forgivness Debt Relief Act of 2007 - Posted 01/09/2008
  Summary of provisions in the Mortgagge Debt Forgivness Relief Act of 2007.
• Payroll and Penalty Provisions in the Late - 2007 Tax Legislation - Posted 01/09/2008
  Summary of penalty and payroll changes in various year end legislation.

Hot Topics - Accounting issues that effect you, and strategies to help you.

• How is an IRA paid out if the beneficiary dies? - Posted 06/01/2001
  
• Insurance Company Demutualizations and Their Tax Consequences - Posted 08/05/2001
  Tax consequences of mutual insurance companies converting to stock companies.
• IRA Beneficiaries - Reduced 2001 Distributions - Posted 08/05/2001
  New required minimum distribution rules apply beginning in 2001.
• Revised RMD Rules for Qualified Plans and IRAs - Posted 08/05/2001
  Summary of IRS revisions to required minimum distribution rules for IRAs and qualified retirement plans.
• Tax Changes for Tax Year 2001 - Posted 08/05/2001
  Summary of prior year tax law changes effective in 2001.
• New IRS Technique Guide Pinpoints Problems to Avoid When Making Shareholder Loans - Posted 08/31/2001
  An overview of facts an IRS agent reviews to determine if an advance to a corporate shareholder is a loan or possibly a taxable distribution
• The Different Types of IRAs Available Today - Posted 10/03/2001
  A summary of the IRAs available and the requirements to participate in each.
• How Long Should Clients Retain Tax Records? - Posted 11/01/2001
  Recommendations of leangth of time to retain tax records.
• How to Allocate Basis of Commercial Real Estate to Achieve Maximum Depreciation Deduction - Posted 02/05/2002
  A review of how to allocate cost of construction or acquisition to achieve best tax results.
• Coverdell Education Savings Accounts - Posted 07/02/2002
  A summary of the changes to the old Education IRAs.
• Deduction for Student Loan Interest - Posted 07/02/2002
  Summary of the requirements for deductibility of interest on college loans.
• HOPE and Lifetime Learning Credit for Qualified Tuition and Related Expenses of Higher Education - Posted 07/02/2002
  Use of the HOPE credit or Lifetime Learning credit for education costs for yourself, your spouse or your dependents.
• Qualified Tuition Programs - "529 Plans" - Posted 07/02/2002
  An brief review of "529 plans".
• Tax Planning for College - Posted 07/02/2002
  A summary of tax benefits available help minimize education costs.
• Advantages/ Disadvantages of Using Standard Mileage Allowance Rate for Business Auto in 2003 - Posted 10/03/2002
  Discussion of the alternative to using actual automobile expenses for business use of automobile and when it may be beneficial to use the standard mileage allowance.
• Importance of Year-End Tax Planning - Posted 12/03/2002
  A checklist of year-end tax moves.
• Archer Medical Savings Accounts for 2003 - Posted 01/06/2003
  A broad overview of how Archer MSAs work along with an outline of the qualification requirements.
• Tax Aspects of Refinancing A Home Mortgage - Posted 01/31/2003
  Basic information about tax consequences of refinancing a home mortgage.
• What's New for 2003 - A Roundup of Non-Inflation-Indexing Tax Changes Effective This Year - Posted 04/01/2003
  Summary of non-indexing tax law changes effective in 2003.
• Bigger Depreciation/ Expensing Deductions for Autos, Trucks, SUVs and Vans Bought or Leased in 2003 - Posted 11/01/2003
  Review of the rules for 2003 deductions for autos, vans and trucks including SUVs.
• Typical Questions About Inflation Adjustments to 2004 Figures - Posted 11/01/2003
  Typical questions about 2004 inflation adjustments to tax brackets and other items.
• Year-End Planning for Capital Gains and Losses - Posted 11/29/2003
  An illustration of the unique planning opportunities due the the reduced capital gain tax rate.
• What's New on Form 1040 for 2003 - Posted 01/02/2004
  Highlight of key changes to the Form 1040 for 2003.
• How to Make the Best Tax Use of a Vacation Home - Posted 07/13/2004
  Summary of the tax rules relating to leasing a vacation home.
• Compensatory Stock Options - Posted 08/14/2004
  Advantages and disadvantages of ISOs and nonqualified stock options.
• How Rising Interest Rates Affect various Tax and Estate Planning Strategies - Posted 09/25/2004
  Summary of favorable an unfavorable effects of rising interest rates on estate and income tax valuations.
• Last Chance to Use Bonus First-Year Depreciation in Year-End Tax Planning - Posted 09/25/2004
  Planning for the expiration of the bonus depreciation deduction.
• How the Tax Law Helps Victims of Disaster Losses - Posted 10/26/2004
  An explaination of the extra relief provisions available to those located in Presidentially declared disaster areas.
• 2004 Year-End Tax Planning Alert - Posted 11/19/2004
  Summary of actions which can be taken before December 31, 2004.
• Interest Collected on Past-Due Child Support is Taxable to Recipient Spouse - Posted 11/26/2004
  A summary of the IRS position on interest paid on late child support.
• Most Retirement Plan Limits Increase for 2005 - Posted 11/26/2004
  Summary of changes to retirement plan limitations as result of COLAs or statute.
• Standard Mileage Rate Increases by 3 cents for 2005 - Posted 11/26/2004
  IRS announced increase and related rules for standard mileage allowance.
• What's New on Form 1040 for 2004 - Posted 11/26/2004
  Review of key changes made to the 2004 Form 1040 and schedules.
• Cafeteria Plan - Posted 06/05/2005
  By regulation, the IRS is allowing plans to be amended to allow a grace period to use prior year contributions.
• Complying with Federal Payroll Recordkeeping Requirements - Posted 06/05/2005
  Summary of payroll recordkeeping requirements.
• Final Regulations Facilitate S Corporation Elections - Posted 06/05/2005
  Changes in requirements for non corporate entities electing S corporation status.
• IRS Issues 2005 Depreciation Dollar Limits for Business Autos, Light Trucks and Vans - Posted 06/05/2005
  Summary of dollar deductions for vehicles placed in servive during 2005.
• IRS Rules on Taxation of Stock Options Transferred Pursuant to Divorce - Posted 06/05/2005
  IRS responds to court ruling allowing transfer of options to spouse in divorce.
• Pointers on New Form 941 - Posted 06/05/2005
  Summary of Form 941 changes.
• Proposals Would Tax Partnership Interests Transferred for Services Under Restricted Property Rules - Posted 06/05/2005
  Proposed regulations would treat transfers of partneership interests for services same as stock transfers.
• Treasury Recommends Tougher Santions Against Late-Filing Pass-Through Entities - Posted 06/05/2005
  Recomendations for increased penalties against late-filing partnerships and S corporations.
• What Are Your Chances for Being Audited? - Posted 06/05/2005
  Review of IRS 2004 activities.
• Recap of Business Tax Law Changes Going into Effect in 2005 - Posted 06/27/2005
  Summary of tax changes effective january 1, 2005.
• How the Tax Law Helps Victims of Hurricane Katrina - Posted 09/03/2005
  Summary of key tax provisions available to those in Presidentially declared disaster areas.
• 2005 Year-End Tax Planning for Individuals - Posted 11/05/2005
  Summary of 2005 year-end potential tax savings opportunities.
• Many Tax Law Changes Effecting Individual Taxpayers go into Effect in 2006 - Posted 02/14/2006
  An overview of non-indexing changes for individuals for 2066.
• Strategies for Surviving Spouses Designated as Beneficiaries of Decedent's IRAs - Posted 07/29/2006
  Summary of options to surviving spouses for inherited IRAs.
• Important Federal Payroll Tax Figures for 2006 - Posted 01/22/2007
  A summary of the more important payroll tax figures, effective January 1, 2006.
• Most Retirement Plan Limits Increase for 2007 - Posted 10/27/2007
  Summary of cost-of-living changes to retirement plans.
• Most Retirement Plan Limits Increase for 2008 - Posted 10/27/2007
  The 2008 cost-of-living adjustments for retirement plans.
• Employer New Hire Reporting Program - Posted 11/02/2007
  How to meet the New Hire Reporting Program requirements.
• Tax Bracket and other Key 2008 Items - Posted 11/02/2007
  Summary of the 2008 inflation adjusted items from the IRS.
• Year-End Planning Moves That Optimize Election to Expense Business Property - Posted 01/05/2008
  Year-end planning opportunities for a calendar-year business that is eligible for a Code Sec. 179 expensing election